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Local Pensions Partnership

PRI reporting framework 2020

You are in Organisational Overview » Basic information


OO 01. Signatory category and services

01.1. 組織または組織が提供するサービスに最もよく当てはまる種類を選択してください。

          Local Pensions Partnership (LPP) is a pensions services provider for Local Government Pension Schemes (LGPS) and pension funds in the public sector.

01.3. 補足情報 [任意]

Local Pensions Partnership (LPP) is a pensions services provider for LGPS and other public sector pension funds. We aim to help clients reduce pension deficits, improve investment returns and provide an excellent service to their members via our two core business lines: 

  • Investment management 
  • Pensions administration

LPP was formed in 2016 through a collaboration between Lancashire County Council and the London Pensions Fund Authority (our founding shareholders). 

In addition to managing pension assets for our investment clients, LPP provides pensions administration services to more than 600,000 members on behalf of 17 LGPS, Police and Firefighters pension schemes.

LPP's Investment Management services are provided by Local Pensions Partnership Investments Ltd (LPPI).  

LPPI is authorised and regulated by the Financial Conduct Authority and is a fully-owned subsidiary of Local Pensions Partnership Ltd (LPP) (together the “LPP Group”). LPPI is currently managing investments for Lancashire County Pension Fund, London Pensions Fund Authority and Royal County of Berkshire Pension Fund.

LPPI is additionally the Alternative Investment Fund Manager (AIFM) for GLIL which is an infrastructure fund structured as an unauthorised Alternative Investment Fund (AIF).    GLIL is an innovative collaboration between aligned and like-minded investors who are seeking investment into core infrastructure opportunities predominately in the United Kingdom.

GLIL has an open-ended fund structure that allows for the admission of new members. Currently GLIL is investing on behalf of five Local Government Pension Scheme (LGPS) funds:

  • Greater Manchester Pension Fund 
  • London Pensions Fund Authority 
  • Lancashire County Pension Fund
  • Merseyside Pension Fund 
  • West Yorkshire Pension Fund

OO 02. Headquarters and operational countries

02.1. 組織の拠点がある場所を選択してください。

United Kingdom

02.2. オフィスが所在している国数を記載してください(本部を含む)。

02.3. 組織が正規雇用しているスタッフのおおよその人数を記載してください。

57.4 正規職員

02.4. 補足情報 [任意]

The numer of staff employed by Local Pensions Partnership Investments Ltd (LPPI) is 57.4 fte (60 individuals).

This figure excludes staff providing pensions administration services.

OO 03. Subsidiaries that are separate PRI signatories

03.1. 組織内に単独でPRI署名機関となっている子会社があるかどうかを記載してください。

03.3. 補足情報 [任意]

Local Pensions Partnership Investments Ltd (LPPI) is a fully-owned subsidiary of Local Pensions Partnership Ltd (LPP).

LPPI is not a PRI signatory in its own right.

In reporting to the PRI, LPP's responses reflect the policies, arrangements, procedures and investment activities being implemented by LPPI as a pool company on behalf of investment clients.


OO 04. Reporting year and AUM

04.1. 報告年度の最終日を記載してください。


04.2. 報告年度末のAUM合計を記載してください。

子会社のAUM(顧問業務/執行のみの資産を除きます)を含みますが、(OO 03.2で「いいえ」と回答した)報告しないことを選択したPRIの署名機関である子会社のAUMを除きます。
Total AUM
10億 100万
Assets in USD
10億 100万

04.5. 補足情報 [任意]

LPPI's AUM at 31 December 2019 was £18.3bn.

This total comprises investments under management for Lancashire County Pension Fund, London Pensions Fund Authority, Royal County of Berkshire Pension Fund and GLIL infrastructure.

OO 06. How would you like to disclose your asset class mix

06.1. どのように資産クラス構成を開示したいかについて記載してください。



上場株式 10-50% 17.2 10-50% 26.1
債券 0 0 <10% 4.1
プライベートエクイティ 0 0 <10% 8.6
不動産 0 0 <10% 8.8
インフラ <10% 6.9 <10% 7.4
コモディティ 0 0 0 0
ヘッジファンド 0 0 0 0
ファンドオブヘッジファンズ 0 0 0 0
森林 0 0 0 0
農地 0 0 0 0
包括的な金融 0 0 0 0
現金 0 0 <10% 3.9
短期金融市場商品 0 0 0 0
その他(1)(以下に具体的に記入してください) 0 0 10-50% 11.9
その他(2)(以下に具体的に記入してください) 0 0 <10% 5.1





06.2. 添付の画像に従って組織の資産クラス構成を公表する

06.3. 組織にオフバランスシート資産はありますか?

06.5. 組織がフィデューシャリー・マネージャーを使うかどうかを記載してください。

06.6. AUM資産クラス分割について説明する情報を記載してください。 [任意]

At 31/12/2019 LPPI's assets under management fell across the following funds :

  • LPPI Global Listed Equities Fund
  • LPPI Fixed Income Fund
  • LPPI Credit Investments
  • LPPI Private Equity Fund
  • LPPI Global Infrastructure Fund
  • LPPI Diversifying Strategies Fund
  • LPPI Real Estate Fund

Each fund is an asset class specific pooled investment vehicle meeting the investment needs of multiple client pension funds.

Our AUM additionally includes on balance sheet assets (managed for client pension funds) and assets managed for GLIL (infrastructure partnership)

In reporting to PRI we have opted not to aggregate the LPPI Fixed Income Fund and LPPI Credit Investments.

This reflects that these are distinct and separate strategies. They are of different sizes, have different investment characteristics, and are serving different purposes for client pension funds. In maintaining a separation between them we are seeking to ensure consistency and comparability between the information we disclose to PRI and information we report in detail to our client Pension Funds or disclose publicly elsewhere.

The LPPI Fixed Income Fund and LPPI Credit Investments are externally managed and we describe our arrangements for ensuring ESG features within manager selection and ongoing portfolio and manager monitoring within our responses to the Selection, Appointment and Monitoring (SAM) module below.

OO 07. Fixed income AUM breakdown

07.1. 以下のカテゴリを使用して、報告年度末時点の組織の債券AUMを5%単位での概算内訳を記載してください。


22 SSA
20 社債(金融)
14 社債(非金融)
44 証券化商品
債券AUM合計 100%

OO 08. Segregated mandates or pooled funds

[b]債券 – SSA
[c] 債券 – 社債 (金融)
[d] 債券 – 社債 (非金融)
[e] 債券 – 証券化商品
[f] プライベートエクイティ
[g] 不動産
[h] インフラ
[n] 現金
[o] その他 (1), 具体的に記入して下さい_______
[p] その他 (2), 具体的に記入して下さい_______

08.2. 補足情報 [任意]

OO 09. Breakdown of AUM by market

09.1. 組織のAUMの内訳を市場別に示してください。

94.5 先進国市場
4.8 新興国市場
0.6 フロンティア
0.1 その他の市場
合計100% 100%

09.2. 補足情報 [任意]